Saturday, November 27, 2010

Fwd: TaxGuru.in : Legal & Tax Updates



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From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Wed, Nov 24, 2010 at 9:45 AM
Subject: TaxGuru.in : Legal & Tax Updates
To: palashbiswaskl@gmail.com


TaxGuru.in : Legal & Tax Updates

Link to LEGAL & FINANCIAL  UPDATES FROM TAX GURU

Former Telecom Minister A Raja S Share Investments Shot Up By 170 Percent

Posted: 24 Nov 2010 12:44 AM PST


Former Telecom Minister A Raja s investment in shares and fixed deposits have increased by nearly 170 per cent from Rs 8 52 lakh to a little over Rs 23 lakh during one year annual property returns of the Ministers provided by Prime

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Parliamentary Committee Recommends One Rank One Pension

Posted: 24 Nov 2010 12:39 AM PST


The Parliamentary Standing committee on Defence has urged the government to reconsider the demand of One Rank One Pension for the ex-servicemen The Parliamentary Standing Committee on Defence 15th LOK SABHA on 1st and 7th Reports

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Age-Limit For Senior Citizens Facilities

Posted: 24 Nov 2010 12:37 AM PST


The Maintenance and Welfare of Parents and Senior Citizens Act 2007 defines Senior Citizen as a person who has attained the age of 60 years or above The Act provides for claim for maintenance allowance geriatric and health

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CAG Empanelment Of Chartered Accountant Firms For The Year 2011-2012 For Audit Of PSU

Posted: 24 Nov 2010 12:34 AM PST


OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA 10 BAHADUR SHAH ZAFAR MARG NEW DELHI 110124 Empanelment of Chartered Accountant firms for the year 2011-2012 Applications are invited online from the firms of Charter

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Govt May Notify New Accounting Norms For IFRS By The End Of This Year

Posted: 24 Nov 2010 12:12 AM PST


The government on Tuesday said it will notify the new accounting norms in sync with international practice IFRS for India Inc by the end of this year and ensured that the April 2011 deadline will not be missed nbsp Speaking at a

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ICAI- Result Of Online CPT Examination Held In October 2010

Posted: 24 Nov 2010 12:04 AM PST


The result of online CPT examination held in the month of October 2010 is likely to be declared on 30th November 2010 The result can be viewed at www icai org

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No Role Of PM In Blocking Subramaniam Swamy S Complaint In The 2G Spectrum Case- SC

Posted: 24 Nov 2010 12:03 AM PST


In a major relief for Prime Minister Manmohan Singh the Supreme Court on Tuesday observed that there has been no intention on the PM s part to block Subramaniam Swamy s complaint in the 2G spectrum case The Supreme Court was hearin

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SC Declines To Lift Delhi High Court Stay On Recovery Of Service Tax From A Company For Renting Immovable Property

Posted: 24 Nov 2010 12:02 AM PST


The central government is keen to implement its service tax on commercial space rentals rule but the Supreme Court SC has issued a reprieve The SC declined to lift a Delhi high court stay on recovery of service tax from a company

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SEBI Wants Mutual Funds To Ensure Quality Of Debt Papers

Posted: 23 Nov 2010 03:20 PM PST


Concerned over the quality of papers that mutual fund are investing in market regulator SEBI has asked six of them to refile their offer documents for capital protection scheme nbsp In a capital protection scheme fund houses usua

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2G Spectrum - CBI Collects Documents From Corporate Affairs Ministry

Posted: 23 Nov 2010 03:11 PM PST


The CBI has collected documents from the ministry of corporate affairs about companies which were granted spectrum allegedly in an arbitrary fashion between September 2007 and January 2008 According to CBI sources the MCA documents d

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Labour Ministry Requests To Keep ESI EPF Schemes Out Of Service Tax Ambit

Posted: 23 Nov 2010 03:08 PM PST


The Labour and Employment Ministry has requested the Finance Ministry to keep Employees State Insurance ESI and Employees Provident Fund EPF schemes out of the ambit of service tax as they are social security schemes If th

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Vodafone In Talks With Foreign Banks To Provide Counter Guarantee To Nationalised Banks In India

Posted: 23 Nov 2010 03:06 PM PST


Mobile service operator Vodafone is in talks with foreign banks to provide counter guarantee to nationalised banks in India for a sum of Rs 8 500 crore This follows an order from the Supreme Court last week asking the telco to furnish

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Complaints Received By The Serious Fraud Investigation Office And The Registrar Of Companies

Posted: 23 Nov 2010 03:02 PM PST


The Minister for Corporate Affairs has informed the Lok Sabha that the Registrars of Companies RoC received complaints against various companies from stakeholders such as shareholders creditors financiers other Government D

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Formation Of Financial Stability Development Council FSDC

Posted: 23 Nov 2010 02:59 PM PST


The Financial Stability Development Council FSDC is expected to come into force in the month of December 2010 The Ministry of Finance has consulted all the financial sector regulators on the formation of the Council The ob

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Regulation Of Interest Rates Charged By MFIs

Posted: 23 Nov 2010 02:56 PM PST


The Small Industrial Development Bank of India SIDBI has reported that SKS Microfinance Ltd SKS the only Micro Finance Institution MFI in India to be listed on the Bombay Stock Exchange National Stock Exchange BSE NSE h

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Indian Construction And Growth

Posted: 24 Nov 2010 12:09 AM PST


The demand of construction is increasing with a speed equivalent to the speed of Delhi metro traveling each day Road Construction and infrastructure construction is wheel of Indian economic growth from the time of 2004 when it beca

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Though Assessee Shown As Owner Of Demat Shares In Depository S Books If He Shows To Be Mere Pledgee There Is No Benefit U S 2 24 Iv

Posted: 24 Nov 2010 01:10 AM PST


As a pawnee pledgee the assessee does not have absolute rights over the shares He could sell the security in a manner contemplated by law In case the proceeds were greater than the amount due to him he had to pay the surplus to the

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Foreign Artistes Are Chargeable To Tax In India But Their Agents Are Not In The Absence Of PE- ITAT Mumbai

Posted: 24 Nov 2010 12:51 AM PST


Commission paid to agents for services rendered outside India is not chargeable to tax in India and there is no obligation to deduct tax u s 195 As Agent was not a performer his income was not covered under Article 18 of the DTAA

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